Stocks to Buy on 26 September 2013
BUY Idea Cellular above Rs 168, TARGET Rs 178 and STOPLOSS
Rs 163
Why to Buy Idea Cellular?
The stock has been in a bull market since the start of
April. It is an ideal example of an up trending stock. Since August the stock
corrected and then consolidated and on Wednesday it broke off from a triangular
bullish pattern.
2. Apollo Hospitals Enterprises
Buy Apollo Hospitals Enterprises above Rs 920, TARGET Rs 990
and STOPLOSS Rs 890
Why to buy Apollo Hospitals Enterprises?
The stock has done nothing in the last one month besides
trading in a band of Rs 890 and Rs 840. On Wednesday it crossed above the upper
end of this trading band giving an upside breakout. Our view is further
validated after the stock gave a close above 52 day moving average. If the
stock holds up above Rs 930 in next couple of trading sessions then we can see
huge upside.
3. Dr Reddys Laboratories
Buy Dr Reddys Laboratories
at CMP, TARGET Rs 2520 and STOPLOSS Rs 2360
Why to buy Dr Reddys Laboratories ?
The stock is at a lifetime highs and is moving in a very
strong higher top-higher bottom cycle plus there is a cup and handle breakout
on the daily chart.
4. Reliance Communications
Buy Reliance Communications at CMP, Target Rs 166, 168 and
STOPLOSS Rs 158
Why to buy Reliance Communications?
This stock has managed to close above important resistance
of Rs 160 on daily basis. It has formed a bullish candlestick pattern on daily
charts. Hourly momentum has entered into bullish zone again
5. Union Bank of India
Buy Union Bank of India at CMP, TARGET Rs 112, 124 and
STOPLOSS Rs 112
Why to buy Union Bank of India ?
Union Bank of India has come to support of 61 percent
retracement of the recent rally from Rs 95 to Rs 145 forming a bullish
candlestick pattern on daily charts. Hourly momentum entering into bullish
zone.
Stocks to Sell on 26 September 2013
Unitech October Futures
Sell Unitech October Futures at CMP, TARGET Rs 15 and
STOPLOSS Rs 17
Why to Sell Unitech October Futures?
The stock is moving in a very strong lower top-lower bottom
cycle and in yesterday’s trading session it has given a trend line breakdown on
the daily charts.
BHEL, Firstsource Solutions, Zee Entertainment, Dena Bank, Apollo Hospital, Thomas Cook, TATA Motors, Idea Cellular.
